Snowflake Inc. $SNOW Shares Acquired by Melqart Asset Management UK Ltd

Melqart Asset Management UK Ltd increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 160.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,332 shares of the company’s stock after acquiring an additional 32,219 shares during the quarter. Snowflake makes up approximately 1.6% of Melqart Asset Management UK Ltd’s holdings, making the stock its 24th biggest holding. Melqart Asset Management UK Ltd’s holdings in Snowflake were worth $11,803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of Snowflake during the 3rd quarter worth $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of Snowflake during the third quarter worth $28,000. SJS Investment Consulting Inc. grew its position in shares of Snowflake by 4,333.3% in the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Snowflake in the third quarter valued at $34,000. Finally, First Horizon Corp acquired a new position in Snowflake in the third quarter valued at $35,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Insider Buying and Selling

In related news, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the sale, the director directly owned 50,329 shares in the company, valued at approximately $10,406,527.33. This trade represents a 79.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the transaction, the senior vice president directly owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 713,732 shares of company stock worth $144,510,676. Company insiders own 6.80% of the company’s stock.

Snowflake Price Performance

Snowflake stock opened at $178.60 on Friday. The firm has a fifty day moving average of $189.67 and a 200-day moving average of $221.18. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $61.12 billion, a P/E ratio of -45.22 and a beta of 1.16.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The business’s quarterly revenue was up 30.1% on a year-over-year basis. As a group, analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analyst Weigh In

SNOW has been the topic of several recent analyst reports. Piper Sandler reduced their target price on Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Argus raised shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Thursday, January 8th. Barclays lowered their target price on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Macquarie Infrastructure increased their price target on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group decreased their price target on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.58.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.